From AFP: China's foreign exchange reserves have ballooned in recent years, surging to a record 2.454 trillion dollars at the end of June. One way Beijing has diversified its investments is through sovereign wealth fund China Investment Corp, which manages around 300 billion dollars and has been investing heavily in resources companies.
Japan's Finance Minister Yoshihiko Noda said Thursday the government was closely monitoring China's ramped-up buying of Japanese government debt and would check with Beijing on its motives..............................................Full Article: Source